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Income Statement Comp. Income Cash Flow Balance Sheet All Statements
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MCDONALDS CORP

Ticker: MCD   Fiscal Year: 2022

Consolidated Statement of Income

Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023)

(In Thousands)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2022Dec 31, 2021Dec 31, 2020
REVENUES
Sales by Company-operated restaurants
$
8,748,400
9,787,4008,139,200
Revenues from franchised restaurants14,105,80013,085,40010,726,100
Other revenues328,400350,100342,500
Total revenues23,182,60023,222,90019,207,800
 
OPERATING COSTS AND EXPENSES
Food & paper2,737,3003,096,8002,564,200
Payroll & employee benefits2,617,4002,677,2002,416,400
Occupancy & other operating expenses2,026,2002,273,3002,000,600
Franchised restaurants-occupancy expenses2,349,7002,335,0002,207,500
Other restaurant expenses244,800260,400267,000
Depreciation and amortization370,400329,700300,600
Other2,492,2002,377,8002,245,000
Other operating (income) expense, net973,600(483,300)(117,500)
Total operating costs and expenses13,811,60012,866,90011,883,800
 
Operating income9,371,00010,356,0007,324,000
 
Interest expense-net of capitalized interest of $9.5, $6.8 and $6.01,207,0001,185,8001,218,100
Nonoperating (income) expense, net338,60042,300(34,800)
Income before provision for income taxes7,825,4009,127,9006,140,700
 
Provision for income taxes1,648,0001,582,7001,410,200
Net income6,177,4007,545,2004,730,500
 
Earnings per common sharebasic8.3910.116.35
Earnings per common sharediluted8.3310.046.31
Dividends declared per common share5.665.255.04
Weighted-average shares outstandingbasic736,500746,300744,600
Weighted-average shares outstandingdiluted741,300751,800750,100
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MCDONALDS CORP

Ticker: MCD   Fiscal Year: 2022

Consolidated Statement of Comprehensive Income

Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023)

(In Thousands, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2022Dec 31, 2021Dec 31, 2020
Net income
$
6,177,400
7,545,2004,730,500
Foreign currency translation adjustments:
Gain (loss) recognized in accumulated other comprehensive income (AOCI), including net investment hedges(354,100)(216,200)46,000
Reclassification of (gain) loss to net income504,40034,70017,100
Foreign currency translation adjustments-net of tax benefit (expense) of $(207.6), $(186.5), and $204.8150,300(181,500)63,100
 
Cash flow hedges:
Gain (loss) recognized in AOCI160,30057,600(129,100)
Reclassification of (gain) loss to net income(104,800)28,9005,800
Cash flow hedges-net of tax benefit (expense) of $(16.0), $(24.9), and $36.655,50086,500(123,300)
 
Defined benefit pension plans:
Gain (loss) recognized in AOCI(118,700)108,100(43,500)
Reclassification of (gain) loss to net income00(400)
Defined benefit pension plans-net of tax benefit (expense) of $43.2, $(36.6), and $9.3(118,700)108,100(43,900)
Total other comprehensive income (loss), net of tax87,10013,100(104,100)
 
Comprehensive income6,264,5007,558,3004,626,400
 
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MCDONALDS CORP

Ticker: MCD   Fiscal Year: 2022

Consolidated Statement of Cash Flows

Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023)

(In Thousands, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2022Dec 31, 2021Dec 31, 2020
Operating activities
Net income
$
6,177,400
7,545,2004,730,500
Adjustments to reconcile to cash provided by operations
Charges and credits:
Depreciation and amortization1,870,6001,868,1001,751,400
Deferred income taxes(345,700)(428,300)6,400
Share-based compensation expense166,700139,20092,400
Net (gain) loss on sale of restaurant and other businesses732,700(97,800)(28,200)
Other(570,400)(339,100)(75,200)
Changes in working capital items:
Accounts receivable(264,100)309,900(6,800)
Inventories, prepaid expenses and other current assets5,600(62,200)(68,600)
Accounts payable31,300225,000(137,500)
Income taxes(546,700)(302,500)(43,600)
Other accrued liabilities129,300284,00044,400
Cash provided by operations7,386,7009,141,5006,265,200
 
Investing activities
Capital expenditures(1,899,200)(2,040,000)(1,640,800)
Purchases of restaurant businesses(807,000)(374,200)(66,100)
Sales of restaurant and other businesses445,900196,20076,300
Sales of property38,900106,20027,400
Other(456,700)(53,900)57,400
Cash used for investing activities(2,678,100)(2,165,700)(1,545,800)
 
Financing activities
Net short-term borrowings25,50015,100(893,100)
Long-term financing issuances3,374,5001,154,4005,543,000
Long-term financing repayments(2,202,400)(2,240,000)(2,411,700)
Treasury stock purchases(3,896,000)(845,500)(907,800)
Common stock dividends(4,168,200)(3,918,600)(3,752,900)
Proceeds from stock option exercises248,200285,700295,500
Other38,200(46,700)(122,000)
Cash used for financing activities(6,580,200)(5,595,600)(2,249,000)
 
Effect of exchange rates on cash and equivalents(253,800)(120,100)80,200
Cash and equivalents increase (decrease)(2,125,400)1,260,1002,550,600
 
Cash and equivalents at beginning of year4,709,2003,449,100
Cash and equivalents at end of year2,583,8004,709,2003,449,100
 
Supplemental cash flow disclosures
Interest Paid1,183,5001,197,3001,136,000
Income taxes paid3,023,5002,403,9001,441,900
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MCDONALDS CORP

Ticker: MCD   Fiscal Year: 2022

Consolidated Balance Sheet

Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023)

(In Thousands, except shares in actual)
 As ofAs of
 Dec 31, 2022Dec 31, 2021
ASSETS
Current assets
Cash and equivalents
$
2,583,800
4,709,200
Accounts and notes receivable2,115,0001,872,400
Inventories, at cost, not in excess of market52,00055,600
Prepaid expenses and other current assets673,400511,300
Total current assets5,424,2007,148,500
 
Other assets
Investments in and advances to affiliates1,064,5001,201,200
Goodwill2,900,4002,782,500
Miscellaneous4,707,2004,449,500
Total other assets8,672,1008,433,200
 
Lease right-of-use asset, net12,565,70013,552,000
Property and equipment
Property and equipment, at cost41,037,60041,916,600
Accumulated depreciation and amortization(17,264,000)(17,196,000)
Net property and equipment23,773,60024,720,600
 
Total assets50,435,60053,854,300
 
LIABILITIES AND SHAREHOLDERS EQUITY
Current liabilities
Accounts payable980,2001,006,800
Lease liability661,100705,500
Income taxes274,900360,700
Other taxes255,100236,700
Accrued interest393,400363,300
Accrued payroll and other liabilities1,237,4001,347,000
Total current liabilities3,802,1004,020,000
 
Long-term debt35,903,50035,622,700
Long-term lease liability12,134,40013,020,900
Long-term income taxes791,9001,896,800
Deferred revenues - initial franchise fees757,800738,300
Other long-term liabilities1,051,8001,081,000
Deferred income taxes1,997,5002,075,600
Shareholders' equity (deficit)
Preferred stock, no par value; authorized 165.0 million shares; issued none00
Common stock, $.01 par value; authorized 3.5 billion shares; issued 1,660.6 million shares16,60016,600
Additional paid-in capital8,547,1008,231,600
Retained earnings59,543,90057,534,700
Accumulated other comprehensive income (loss)(2,486,600)(2,573,700)
Common stock in treasury, at cost; 929.3 and 915.8 million shares(71,624,400)(67,810,200)
Total shareholders' equity (deficit)(6,003,400)(4,601,000)
 
Total liabilities and shareholders' equity (deficit)50,435,60053,854,300
 
External Links 
MCDONALDS CORP (MCD) Fiscal Year 2022
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